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Funding arb · Price arb /

LRCX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.1622%/8h= +177.6% APRpaid last 24h +0.114%
Price spread now: Paragon against Bitget−0.154%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1651.653% of the position
Long on BitgetShort on Paragon
What this pair did over the last
the charts below follow
Funding, last 7 days+0.191%+$19 on $10k
Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.154%, 7d avg +0.040%
Together, before fees+0.252%+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paragon is 0.194% cheaper against Bitget than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of +0.040%). If the spread goes back, that is −$19 on $10k: about 10 hours of funding at the current rate (+$49 a day). At the pace of the last 7 days (+0.191% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.191% in total (about 10.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LRCXUSDT305.940get 0.0000% / 8h6h 00m$322K$189K20x
ShortParagon para:LRCX305.470.1622get 0.0203% / 1h0m 27s$435K$60K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$340.56
Price spread: −0.154% → +0.040%
−$19.37
Slippage, 4 orders
−$143.26
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paragon: 5 bp × 2 orders
−$10
Net
$155.93
Costs to cover
1.653%
Break-even
3.8 days
Slippage from Bitget: live order book, 60 min ago; Paragon: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 60 min ago16.58 bp66.0 bp −$6682.3 bp −$823doesn't fitdoesn't fit
Sell Paragon live order book, 45 min ago30.99 bp36.7 bp −$3768.6 bp −$686doesn't fitdoesn't fit

LRCX on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LRCXUSDT0.0000%8h305.31−0.206%$353K$528K25xas long as short
OKX LRCX-USDT-SWAP0.0000%8h305.27−0.219%$386K$311K20xas long as short
Gate LRCX_USDT0.0000%8h305.50−0.144%$263K$439K20xas long as short
Bitget LRCXUSDTlong0.0000%8h305.94long leg$322K$189K20x
Extended LRCX_24_5-USD+0.0040%1h305.27−0.219%——10xas long as short
Vest LRCX-USD-PERP+0.0046%1h305.47−0.154%—$4K10xas long as short
QFEX LRCX-USD+0.0051%1h305.41−0.173%$1.1M$2.7M10xas long as short
KuCoin LRCXUSDTM+0.0100%8h305.34−0.196%$177K$717K20xas long as short
HTX LRCX-USDT+0.0100%8h305.69−0.082%$9K$353K10xas long as short
Binance LRCXUSDT+0.0232%8h305.32−0.203%$839K$2.7M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paragon para:LRCXshort+0.1622%1h305.47−0.154%$435K$60K10x